Aluminum Die Casting Parts for Automobile Market Size is projected to reach USD 102.28 Billion by 2029, growing at a CAGR of 8.9% | Martinrea Honsel, Rheinmetall Automotive, Shiloh Industries, GF Casting Solutions
The Global Aluminum Die Casting Parts for Automobile Market size was valued at USD 26.7 billion in 2023. It is estimated to reach an expected value of USD 55 billion by 2029 at a CAGR of about 8.9% during the forecast period (2023 – 2029).
A qualitative report published by Market intelligence data research on “Aluminum Die Casting Parts for Automobile Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Aluminum Die Casting Parts for Automobile market report offers the historical data for 2017 to 2022 and also makes available the forecast data from the year 2023 to 2029 which is based on revenue. With the help of all this information research report helps the Market contributors to expand their market positions. With the benefit of all these explanations, this market research report recommends a business strategy for present market participants to strengthen their role in the market. This report analyzes the impact of the Covid 19 pandemic on the Aluminum Die Casting Parts for the Automobile Market from a Global and Regional perspective.
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Die casting is a metal casting technique that involves forcing molten metal into a mold hole under pressure. The mold cavity is created by machining two hardened tool steel dies into form, which serves as an injection mold during the procedure. Most die castings are non-ferrous metals like lead, copper, pewter, zinc, aluminum, magnesium, and tin-based alloys. Depending on the metal to be cast, a cold-chamber or hot-chamber machine is used.
The process is usually confined to high-volume production due to the high cost of the casting apparatus and metal dies. Die casting parts is a relatively simple process with only four effective methods and a minimal additional cost per item. As it is ideally suited for large volumes of microscopic to medium-sized castings, die casting produces more castings than any other casting technique. Surface smoothness and dimensional consistency are excellent in die castings
Top Key Players are covered in the Aluminum Die Casting Parts for Automobile Market Report:
Martinrea Honsel, Rheinmetall Automotive, Shiloh Industries, GF Casting Solutions, Ryobi Die Casting, Nemak, Teksid SPA, Georg Fischer Limited, Endurance Group, Dynacast (Form Technologies Inc), Buhler, Rockman Industries, Castwel Auto Parts, Sandhar Technologies, Gibbs, Die Casting Solution, Ahresty Corporation
Recent Developments by Key Players
April 2022 – Ryobi will be exhibiting at EUROGUSS 2022 in Nuremberg, Germany.
May 2022 – According to people who know the situation, PENANG-based Engtek Group is considering relisting on Bursa Malaysia. It has appointed RHB Investment Bank and Hong Leong Investment Bank to assist.
Regional Analysis:
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
North America (NA) – US, Canada, and Mexico
Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
The Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa
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Regional Insights
North America, Europe, Asia-Pacific, Central, and South America, the Middle East, and Africa make up the market’s five regions. Asia-Pacific and Europe are the two most important markets for aluminium die casting. Growing economies like China, India, and South Korea are driving the region’s economy, with more lavish spending in the manufacturing and end-use industries. Increased investments, combined with a growing manufacturing sector, will likely promote market growth for aluminium die casting in various sectors during the forecast period.
Europe is expected to be the second-largest market for aluminum die casting, with an expected market value of USD 8,759 million by 2029. A focus on lightweight materials in Europe’s automotive market is anticipated to augment market growth for aluminum in the coming years. A robust automotive sector in countries like Germany, Italy, and France is expected to drive significant demand for aluminum die casting over the forecast period.
Market Segment Analysis:
The Aluminum Die Casting Parts for Automobile Market Report provides a preliminary review of the industry, definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed, and manufacturing strategies and fee systems are also analyzed.
Aluminum Die Casting Parts for Automobile Market Segmentation by Types:
Pressure Die Casting
Vacuum Die Casting
Squeeze Die Casting
Semisolid Die Casting
Aluminum Die Casting Parts for Automobile Market Segmentation by Applications:
Body Parts
Engine Parts
Transmission Parts
Other
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Key Highlights
The global aluminum die casting market size is projected to reach USD 102.24 billion by 2029 at a CAGR of 5.1% from 2022 to 2030.
By process, the pressure die casting process segment is expected to reach USD 9,446 million by 2029.
By application, the transportation application segment is expected to reach USD 7,924 million by 2029.
Geographically, the global aluminum die casting market is divided into North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa. The Asia-Pacific and Europe were two significant regional markets in 2023.
Significant Features and Key Highlights of the Aluminum Die Casting Parts for Automobile Market Reports:
– Detailed overview of the Aluminum Die Casting Parts for Automobile market.
– Changing market dynamics of the industry.
– In-depth market breakdown by Type, Application, etc.
– Historic, existing, and predictable market size in terms of extent and worth.
– Recent manufacturing trends and developments.
– Competitive landscape of the Aluminum Die Casting Parts for Automobile market.
– Approaches to significant performers and product help.
– Prospective and niche sectors/regions exhibiting promising growth.
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Detailed TOC of Aluminum Die Casting Parts for Automobile Market Research Report 2023 – 2029
Chapter 1 Aluminum Die Casting Parts for Automobile Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers and, Market data
Chapter 4 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 5 Global Production, Revenue (Value), Price Trend by Type and Region
Chapter 6 Global Market Analysis by Application
Chapter 7 Manufacturing Cost and, Gross profit Analysis
Chapter 8 Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 9 Marketing Strategy and, Status Analysis, Distributors/Traders
Chapter 10 Market Driving Effect Factors Analysis
Chapter 11 Global Aluminum Die Casting Parts for Automobile Market Trends and, Forecast
Chapter 12 Research Methodology
COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will recognize how the Aluminum Die Casting Parts for Automobile market scenario changed across the globe during the pandemic, post-pandemic, and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transference, consumer behaviour, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come. These factors negatively affected the market during the war.”
The Aluminum Die Casting Parts for Automobile Market report gives answers to the following:
- What guidelines are followed by key performers to contest this Covid-19 condition?
- What are the important matters drivers, opportunities, challenges, and dangers of the market?
- will face surviving?
- Which are the essential market players in the Aluminum Die Casting Parts for Automobile industry?
- What is the forecast compound annual growth rate (CAGR) of the global market for the duration of the forecast period (2023-2029)?
- What could be the anticipated value of the Aluminum Die Casting Parts for Automobile marketplace during the forecast period?
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